Definition
The coverage ratio is the percentage of its imports that a country pays for with its exports: the result of dividing exports by imports and multiplying by one hundred. Above 100 there is a trade surplus; below it, a deficit.
It says the same thing as the trade balance, but as a proportion rather than in euros, which allows territories and sectors of very different sizes to be compared. A small province and a large one can have the same coverage ratio with balances that bear no resemblance to each other.
It is calculated for trade as a whole and also by product or by country. A very high ratio for a product points to an exporting sector; a very low one, to dependence on foreign supply.
The figure · last twelve months, to July 2026
Coverage ratio
85.6%
Exports (12 months)
€392,109 million
Imports (12 months)
€458,047 million
Trade balance
−€65,938 million
Spain’s foreign trade in 2026
The full ranking, the trend and the table are in the indicator Spain’s foreign trade. To explore the data in detail, see Foreign Trade · overview.